earnings report occurs today after hours. I'm expecting something bad to go on over there. Two CEO arrangement at RIMM is rather strange and is not working out at all. I'm considering some getting some July puts at this point. The premiums on the June Puts are rather expensive- implied volatility- I would guess.-Plan to roll over NFLX July puts to Sept. I am expecting an earnings miss. July puts expire before earnings.
Why buy puts now? The stock is already way down. If anything there would be pop as the bad news is baked in at this point. It looks like a low risk to reward ratio.
You don't think that Rimm could fall some more? Believe me, if Rimm misses big again there will be more selling. Who wants to hold Rimm?
yep. they are incompetently managed, but there are tech bubbles that are much more tempting at the moment.
I don't think that there a lot of place on downside of RIMM, screw it.I never trade on the hope or guess.
I will likely wait until tomorrow before deciding. I would be surrised if RIMM beats or guides higher.